Liability of contributory creates a debt at commencement and is payable only upon enforcement calls under winding up law. Liability of a contributory in winding up constitutes a debt accruing when the liability commences, but payment is payable only at the times specified in enforcement calls; claims founded on such liability are not cognizable by Courts of Small Causes sitting outside the presidency towns.
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Provisions expressly mentioned in the judgment/order text.
Liability of contributory creates a debt at commencement and is payable only upon enforcement calls under winding up law.
Liability of a contributory in winding up constitutes a debt accruing when the liability commences, but payment is payable only at the times specified in enforcement calls; claims founded on such liability are not cognizable by Courts of Small Causes sitting outside the presidency towns.
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